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Nichols Enterprises has an investment in 30,500 shares of Ellott Electronics that Nichols accounts for as a security avallable for sale. Ellott shares are publicly
Nichols Enterprises has an investment in 30,500 shares of Ellott Electronics that Nichols accounts for as a security avallable for sale. Ellott shares are publicly traded on the New York Stock Exchange, and The Wall Street Journal quotes a price for those shares of $16 a share, but Nichols belleves the market has not appreciated the full value of the Ellott shares and that a more accurate price Is $18 a share. Nichols should carry the Ellott investment on Its balance sheet at O $518,500, the midpoint of Nichols's range of reasonably likely valuations of Elliott. O $549,000 O $488,000 O Either $488,000 or $549,000, as either are defensible valuations MacBook Air FI : F2 F3 F4 FS F6
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